Question: Read the case study: Asics: Chasing a 2020 Vision for assignment Strategies: Analyze Asics proposed strategies that were under consideration At a high-level, why were
Read the case study: Asics: Chasing a 2020 Vision for assignment
- Strategies:
- Analyze Asics proposed strategies that were under consideration
- At a high-level, why were these considered opportunities?
- Customers:
- Elaborate upon Asics target customer segments and which new segments were they seeking to gain appeal
- Why was it important to look beyond serious / marathon runners alone?
- Company & Competitors:
- Examine Asics' position in the marketplace along with their product line. (Exhibit 3 may be helpful)
- Into what product areas are they looking to expand and what are the challenges?
- Examine Asics key competitors - How did Asics compare to its competitors?
- Where were there gaps in the brand, positioning and/or product line? Were these risks or opportunities?
- Examine Asics' position in the marketplace along with their product line. (Exhibit 3 may be helpful)
- Proposed new direction:
- Given your analysis so far, has Asics made the right decisions in terms of product line and positioning?
- What is the role of DTC and how does it make sense to their future plans?
- What is Asics plan for a new brand?
- Does their brand make sense in light of the new direction they wish to achieve (customers, products, market position and so on)?
- Have they differentiated and done so to the degree needed to compete?
- Does their new product line and strategy align with their brand
- What are the potential upsides (or downsides) of the RunKeeper acquisition?
- Does it appeal to the right customers?
- How might this work or possibly fail?
- Does it make Asics more competitive and how?
- Risks
- Given your analyses, should Asics be doing anything differently?
- What are 2-3 major risks you've uncovered to their strategy or new direction?
- Perform a brand pyramid analysis of Asics using the case document. Use bullet points - this is an EXERCISE and NOT a written analysis. You may use a drawing or do this via text. A brand pyramid has been added so you can see the visual. Your analysis should mirror your work from the discussion board assignment as follows.
- SALIENCE (Category)
- Recognition - how is Asics recognized and regarded within its category by target segments?
- Describe needs this general category fulfills for target segments
- At first sight or contact with the brand what do most customers perceive or think of Asics?
- PERFORMANCE & IMAGERY
- Features & Functional - what features do target segments like about Asics and its product(s)? (Remember they are trying to expand)
- Product Design (elements that we know matter)
- List product/design and how your brands design differentiates and what it communicates
- What level and type of performance do customers expect?
- What type of imagery does Asics use to differentiate and set themselves apart?
- JUDGEMENTS & FEELING
- Given Asics' chosen tagline and branding how does it connect to the judgements and feelings of its target customer segments?
- What do core customers feel the brand says about them?
- Emotional Connection - describe the emotional fulfillment target segments receive from Asics
- Social Connections - what social value does Asics deliver to target segments? (Think Prius and how it allows customers to communicate they are green just by driving such a unique looking vehicle)
- Given Asics' chosen tagline and branding how does it connect to the judgements and feelings of its target customer segments?
- RESONANCE
- How do die hard users bond with Asics?
- What are at least 3 levels of deep feeling or connection Asics is seeing with its best customers that it can try and use to resonate with a wider audience?
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